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Supreme Court Enhances Compensation in Motor Accident Claim Case Due to Proper Application of Multiplier and Future Prospects. Deceased's income assessed at Rs.15,000 per month, multiplier of 16 applied, and 40% added for future prospects as per Pranay Sethi.

The appeal arose from a motor accident claim where the deceased, Manoj Kumar Biswal, died in a vehicular accident on 09.05.2013. The claimants, his wi...

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Bombay High Court Upholds ITAT Decision Deleting Non-Refundable Deposits as Trading Receipts in Cooperative Sugar Factory Case. Supreme Court Precedent in CIT v. Shri Chhatrapati Sahakari Sakhar Karkhana Ltd. Clarifies That Such Deposits Are Not Taxable Under Maharashtra Rules.

The matter arose from a reference under the Income Tax Act, 1961, at the instance of the Revenue, challenging the order of the Income Tax Appellate Tr...

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Bombay High Court Dismisses Bank's Revision Against Trial Court's Jurisdiction Ruling in SARFAESI Act Suit. Civil Court Has Jurisdiction to Entertain Suit for Permanent Injunction Against Re-auction of Mortgaged Property Despite SARFAESI Act Provisions.

The respondent, original plaintiff, filed Regular Civil Suit No.1756 of 2014 seeking a permanent injunction restraining the applicant bank from re-auc...

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Bombay High Court Allows Writ Petition Challenging Service Tax Demand on Road Construction Contracts for Government Departments. Notification No. 25/2012-ST Exempts Construction of Roads for Government from Service Tax Under Section 93 of Finance Act, 1994.

The petitioner, M/s. Suman Construction, a government-registered civil contractor, filed a writ petition under Articles 226 and 227 of the Constitutio...

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Bombay High Court Dismisses Revenue's Appeal in Income Tax Block Assessment Case Due to Consistency Principle. ITAT's order upheld as Revenue failed to challenge similar deletions in related assessees' cases.

The case involves an appeal filed by the Revenue under Section 260A of the Income Tax Act, 1961, challenging an order of the Income Tax Appellate Trib...